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Metro Performance Glass Ltd ( (AU:MPP) ) has shared an announcement.
Metro Glass Investment Pty Ltd (MGI) has become a substantial product holder in Metro Performance Glass Limited after acquiring 501,655,800 ordinary shares, representing 51% of the company’s voting stock. The shares were transferred to MGI from fellow group company Amari Metals Australia Pty Ltd for NZ$15.05 million as part of an internal group restructuring, meaning ultimate ownership and control remain within the same corporate group while Amari ceases to hold any stake in Metro Performance Glass.
More about Metro Performance Glass Ltd
Metro Performance Glass Limited is a New Zealand-based glass manufacturer and processor, supplying glass products and related services to the construction and building sectors. The company’s ordinary shares are listed on the NZX, providing investors exposure to the Australasian building materials and glazing market.
Average Trading Volume: 51,734
Technical Sentiment Signal: Sell
Current Market Cap: A$41.77M
Find detailed analytics on MPP stock on TipRanks’ Stock Analysis page.